The Story of Mercantilism

Mercantilism gained tract in the late 16th century. We follow the story of how it came to be and its fall from grace as the main economic policy of that age. We end by asking whether mercantilism still exists in this modern world.

Photo by Dmitry Demidko on Unsplash

Mercantilism in Europe began in late 16th to early 17th century with the Dutch puzzle: how is it that a newborn nation with little to no natural resource managed to become one of the richest…